tv The Claman Countdown FOX Business November 18, 2019 3:00pm-4:01pm EST
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year. we went through a lot. appreciate it. thank you very much. >> thank you, charles. charles: well, all three of the major indices are higher. not by a lot but it doesn't have to be a lot after the last six or seven weeks that most of these indices have seen. liz claman, most exciting hour in the market, going to take us there. liz: that's right. that's right. it's not how the market opens, it's how it closes. sorry, stuart varney. yeah. charles, thank you so much. stocks climbing to new everest high peaks again, as we head into the final hour of trade, but with the dow at 28,000 and the s&p and nasdaq hitting intraday highs, are we about to see a volcanic blow-off top that the bears have been waiting for? our floor show traders are here, getting in front of their cameras to tell you if they believe this is the lastkrakatoastyle stock eruption and if so, what stocks are they buying to buy right now? president trump spent months publicly slamming him but today, he invited fed chief jerome
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powell to the white house. awkward? well, reports are it was supposedly cordial but what happened behind closed doors? did the president push powell to cut interest rates next month for what would be the fourth chop in a row? just as important, is powell now impervious to pressure from the prez? former chair of ubs america who dealt with the federal reserve for years is here. he's going to game it for us. grammy award winner taylor swift's tangle with private equity getting drawn into the 2020 rhetoric. can you believe that. politics. but should everyone take a page from swift's own words from her hit single "you need to calm down." we are going to explain why this is a huge business story. and a kardashian cashes in as coty finds 600 million reasons to keep up with kylie jenner's cosmetics line. plus a first look at the mustang mach e, e stands for electric. hacking disney plus and charlie
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breaks it on the future of t-mobile ceo john legere. less than an hour to the closing bell on this monday. let's start "the claman countdown." liz: secretary of state mike pompeo has just finished a news conference at the state department during which he announced that the trump administration will reverse the obama-era position on israeli settlements. he says that the israeli settlements on the west bank are quote, not inconsistent with international law. already we are getting reaction from palestinian negotiators who say the trump administration's settlement move is quote, irresponsible u.s. behavior. obviously, this is only adding to tension in the middle east, an area which for centuries has continued to have real heat and problems. we will keep you posted on everything else regarding that. elsewhere in the mideast,
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saudi aramco has dropped its plan for an international road show for its ipo. the offering will be restricted only to saudis and foreign institutions allowed to invest in the kingdom's stock market. the state-owned oil giant is seeking a valuation of roughly $1.7 trillion. let's take a look at peloton shares. the subscription based fitness bike company touched its $29 ipo level for the first time since its september debut. now it's above that. right now, i give you the latest, three minutes off the top of the hour, we are at $29.73. why is this stock gaining traction? there are reports it's exploring apps for amazon's fire tv and the apple watch. that of course could very well get a lot more people going on that app and buying a subscription. cowan updating trip adviser to market perform. the news sending investors on a joy ride. we are up about 2% for that company. conversely, the broker said the
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stock's pullback after disappointing third quarter results makes its valuation quote, more reasonable. keeping up with coty. the cosmetics maker which is a little bit gray around the temples lately, the stock has lost half its value, announced it's taking a 51% stake in beauty influencer superstar kylie jenner's makeup company, kylie cosmetics. it will pay $600 million for that 51% stake. that will be a controlling stake. the deal is expected to close in the third quarter of fiscal 2020 and coty's stock is jumping nearly 3% right now. so with the dow which is now at 28,032, it was -- you guys haven't seen me since february when literally in the last 1.5 seconds of "the claman countdown" we passed the 28,000 level, with the dow on pace for yet another record close, morgan stanley has released its 2020 outlook and the investment bank is forecasting -- you might want
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to look elsewhere outside the u.s. we've had a good run-up. morgan saying the global growth will recover from the first quarter onward as trade tensions and monetary policy ease. yet charles hughes smith, the author behind the of two minds blog says the dow crossing the 28,000 level could be that blow-off top moment that the bears have been predicting. hence, the video of a volcano. which stocks pushed the dow from 27,000 way back when which it hit on july 11th to 28,000 which we got on friday? all right. we wanted to put them on the screen because if we just say 28,000, so what, what did well? apple leading the way with the biggest point jump. apple up 32% since then, followed by home depot and united technologies. rounding out the list, jpmorgan and even troubled boeing did quite well, helping to lift the dow from that 27,000 level to 28,000. will these stocks get us to
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29,000? and of course, the recovery, morgan stanley expects at the start of next year or have we hit that blow-off top moment and which stocks could drag the dow maybe back down to 27,000 or even lower? to our floor show traders. okay, gentlemen. from july to now, we went from 27,000 to 28,000. scott, we should broaden this conversation to the s&p, because some really interesting names got us where we are today, at yet another record. but which names are you looking at and does history repeat itself? >> first of all, i have been trading for 20 years and this does not feel like a blow-off top. it's been very methodical, at times it's been slow. think about last week, we digested for a week, everyone said we were stalling and boom, another new high. i will tell you when i think there's overexcitement, overenthusiasm. right now, it's not there. i do think the market can continue higher. i think some of the names have broad appeal, will probably continue to do well. you want a few names i'm focusing on, because i like to do that for you, i like facebook
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here. i think facebook just started to break out above $195. i think it can make a new all-time high in the next month or so. we talked about apple two months ago with that potential and microsoft. i also think amazon might be able to wake up. it's been dormant for the past two months, it's been lagging. i think today might be its first little head poke. i also think the small caps with enthusiasm, if they play catch-up which they can, if the economy gets a little bit better, they like to go for growth, small caps have done nothing for a year. if it can get above 160 that can help sentiment on the iwm and that helps the next leg of this bull run continue. liz: we should be looking at a one-year because over the past 52 years, the russell is up 4% while the nasdaq is up 17%. maybe scott is on to something. you want to go where the herd is nowhere near. that way you start to see i can get in low and move higher. what do you see that will get us to 29,000? who knows.
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>> or 30. why stop there? let's go for 30. i think scott is absolutely right. i don't think this feels like a blow-off top by any stretch of the imagination, especially considering we went through purgatory last year in december. we had to come all the way back. absolutely not overbought. but i think some of the stocks were going to get there. face it, the consumer is strong. consumer stocks will really do well. you're looking at your targets, walmarts, those type of things. the sector that has been beaten up so badly happens to be the energy sector in this case, a sector nobody likes. it might be a little early but this could actually turn around, especially if jpmorgan is right that the emerging markets start to do a little bit better. if that's the case, energy demand will be better and that should turn that sector around. liz: can i clarify? it was morgan stanley that said emerging markets would do better and that the u.s. will perhaps underperform. it was jpmorgan that said you know what, global growth is
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actually going to look good and we don't see recession for the u.s. i just wanted to clarify that. yes, the guys at morgan saying go to south korea, in fact. they gave that name the biggest upgrade. >> yeah. i mean, why not. i think if there's a lot of growth in that part of the world right now that can take advantage of this, and really, when you look at it, past global growth pictures, it's always been the united states that led the curve, really. if you go back over the last 30 years, it's the united states growth. everybody else kind of plays catch-up. that's what i see right now. and i think from that catch-up, it can give the u.s. even more strength. liz: ira, give me your thoughts. what do we see first, 29,000 or 27,000? >> you know, as you were just talking, scott and phil, i'm wondering that question. because when everybody is this friendly, it's just ripe for a quick correction like that. i think 27,000, you could get a 3% correction, of course.
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will we rally into year end, i do think that. i'm not talking out of both sides here. we are only november 18th and i'm still very concerned about the u.s./china niece traese tra. if you were to ask everybody what's the one thing that could derail this, it's the trade deal. the market doesn't seem to be worried about the impeachment inquiry right now. but if we get into the first week of december and you don't have a trade deal, i would be a bit nervous. that's probably the time i would be looking hard at the vix. liz: well, yeah. trade. we are just jerked around on a leash regarding trade headlines. gentlemen, great to see you. thank you very much. speaking of trade, we are just getting this response from huawei. the tech giant out of china as the u.s. today granted another, this would be the third, 90-day extension which will continue to allow u.s. companies to do business with the chinese telecom big giant there. they are big in 5g. here is the response we are just
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getting. extending the temporary general license won't have a substantial impact on huawei's business either way. this decision does not change the fact that huawei continues to be treated unfairly either. despite huawei's statement, rural telecoms are rejoicing. here's why. i don't know if you know this, but they depend in an out-sized way on huawei products, huawei parts and huawei equipment to get these small little networks of wireless which the big companies like verizon and at & t don't want to do in small towns. they are the ones who turn to huawei for this equipment. let's bring in edward lawrence, because edward, here is the question. is huawei a national security or is it a bargaining chip? i have wondered this all along. reporter: you know, originally, the u.s. position has been a national security risk all along. that is the position of the united states. however, the president has hinted to the fact that maybe it
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could come into a trade deal. you know, we hang on those headlines. you talked about that already. the commerce department extended as you said for 90 more days the temporary general license to sell to huawei so that temporary license was set to expire tomorrow. what the extension means is that for 90 days, it's business as usual for american companies, until february 17th of 2020. that means chip makers like qualcomm, intel, micron, can still do business with the chinese telecommunications manufacturer. those chip makers sold about $11 billion worth of product to huawei in 2018. it's big money. this could be seen as more good will for a phase one trade deal going down on paper. the two sides had a primary level phone call over the weekend to hash out the sticking points in the language. the administration has said it wanted to be able to sign a phase one deal by now and move on to negotiating over phase two. tariffs may be the sticking point to that process. the chinese want the tariffs rolled back or removed. the president indicated last
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week that he may not remove the tariffs until the chinese follow through with their promises. still, china making agriculture buys and now china could start buying poultry. the ban in place since 2015 has been lifted and liz, we are now waiting for that good news getting us over the hump to close to a deal until it's down on paper. back to you. liz: thank you very much, edward lawrence. he's the one who knows, i'm telling you. this is why you should stay tuned to fox business because every minute of this moves the markets around. all right. let's talk about a dow component. it did not take long at all for the brand new disney plus to get hacked, but even hack attacks were not enough to derail disney. with the closing bell ringing in 47 minutes, it's at the very top of the dow 30 right now, up another $3 to $147.68. this despite the reports that thousands of disney plus subscribers for the streaming
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account have already been compromised and that their log-in information may already be on sale on the dark web. the news, though, not taking any magic away from disney. this after the premiere of "the crown" and apple, not to be outdone, hitting a new intraday high for netflix, up 3% to $303.81. all right. from one street fight to another. up next, the show of support for pop's reigning queen that has the loudest anti-wall street voices on the left lobbying some swift kicks at private equity's biggest names. some of those names are publicly traded. you need to hear about this. big business angle. "the claman countdown" is coming right back.
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♪ liz: breaking news. big machine had to shake it off. big machine did not want to be looked at as big bad machine. taylor swift's former label, big machine, has just come out with this breaking news. it has reached a licensing agreement with the pop star that will allow her to perform the hits that helped build her career. she will be performing them at the upcoming american music awards where she's being honored as artist of the decade. swift has been on a multi-day campaign complaining that big machine had wrested control of the music she had written away from her and wouldn't let her sing it anymore. listen, this is far from the
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first time a musician has lost control and then had to fight for the rights to their creations. the beatles famously lost control of their catalog with hits such as "yesterday" the michael jackson, who somehow was savvy enough to scoop it up and pay for it. prince became the artist formerly known as prince during a contractual fight with warner brothers during the 1990s when warner wouldn't let him control anything. and in swift's case, the agreement comes after a massive pile-on from fans and critics of private equity, including presidential candidate liz warren regarding big machine's ownership of swift's music catalog. but here's where the private equity part comes in. let's get to grady trimble, who is going to make that connection for us. grady? reporter: hey, liz. there is some bad blood here to throw in another taylor swift song reference for you there. the private equity firm comes in because the carlyle group is
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owned or rather put up some of the money for scooter braun's company to buy big machine, taylor swift's old label. even though she's going to be able to perform at the amas now, they still own her master recordings so that's going to affect what she's able to do with those songs and how much she makes off of them in the future. anyway, this got the attention of several politicians including senator elizabeth warren. she tweeted this. unfortunately, taylor swift is one of many whose work has been threatened by a private equity firm. they are gobbling up more and more of our economy, costing jobs and crushing entire industries. it's time to rein in private equity firms and i've got a plan for that. congresswoman alexandria ocasio-cortez chiming in as well, calling private equity firms' practices predatory saying they hurt millions of americans and even say they have cost more than a million jobs. i think she's referring there to the retail industry. the carlyle group had no comment but i do think it's worth noting some data from the advocacy group for the private equity
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industry, it says that it supports more than 26 million jobs and almost nine million americans work for companies that are backed or owned by private equity firms and they have solid wages as well. the carlyle group owns a minority non-controlling stake of scooter braun's company so really, they weren't calling the shots here, but nonetheless, taylor swift mentioned them, then everybody started piling on. liz? liz: you know what? i know a lot of private equity guys who actually save companies. not all of them. there are some guilty players out there. but they want to shine something up, then put it back on the market. i get it. i do. good to see you, grady. thank you very much. grady trimble. little bit of breaking news there. taylor swift will get to perform her songs. tesla's stock caught in an electric vehicle traffic jam, with the closing bell ringing in 39 minutes. despite a price target hike from deutsche bank, elon musk's electric empire losing a little
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of its charge as ford unleashes its answer to tesla's model y. tesla shares are down half a percent, but ford isn't doing so well either. it's feeling a little bit of heat from the crowded, v field. it's down a quarter of a percent. up next, speaking of ford, what we are going to do is take a look at the classic iconic american muscle car that's now cleaning up. oh, boy, jeff flock. i'm looking at it now. reporter: does it look like a mustang to you? it's got a mustang badge on it, by golly. we will show you this car up close and personal. dealers being briefed as we speak. it's happening. the electric suv mustang when we come back. there's a company that's talked to even more real people
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than me: jd power. 448,134 to be exact. they answered 410 questions in 8 categories about vehicle quality. and when they were done, chevy earned more j.d. power quality awards across cars, trucks and suvs than any other brand over the last four years. so on behalf of chevrolet, i want to say "thank you, real people." you're welcome. we're gonna need a bigger room.
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shipsticks.com saves you time and money. it also has the highest growth in manufacturing jobs in the us. it's a competition for the talent. employees need more than just a paycheck. you definitely want to take advantage of all the benefits you can get. 2/3 of employees said that the workplace is an important source for personal savings and protection solutions. the workplace should be a source of financial security. keeping your people happy is what keeps your people. that's financial wellness. put your employees on a path to financial wellness with prudential. liz: we love unveils of cars, but ford unveiled a beaut today.
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it's all electric, a mustang suv at the jet center in los angeles. the detroit choir raising the roof with a very exciting performance during the reveal. idris elba, brand ambassador for the brand, was onstage. jeff flock, our viewers need to see this inside and out right now. reporter: idris elba, you will see it, worked for ford on a production line before he became the famous actor. his father worked for ford in england for 20 years. okay. what can i show you that's cool? well, number one, take a look at this. this is the front hood. engine, no. battery's somewhere. this could be a cooler. there's a drain in there. k you could fill that with ice. also put luggage in there, perhaps. handles for the door, no. push a button. push a button. it was working before, i swear to god.
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anyway, push a button, the doggone thing opens. if you look inside, also, speaking of things that, you know, this is a tesla fighter. look at that display. doesn't that look like a tesla? big tablet, big picture. see, this one opened. come over here. lary lance, come over here. i want to show how this opens. i think it's locked over there. and it opens, look at that. very cool. you know, ford is really staking its future on electricity, liz, and they're not crazy about president trump's plan to roll back fuel economy standards because they think we played by the rules, we are moving ahead with electric future. i asked jim hackette about that, i talked to him last night during the reveal. here's what he said. >> the president was trying to protect jobs in america when he took this position. i kind of understand that. he didn't want any car manufacturers to lay off factory workers. we aren't. because we kept a propulsion
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that has hybrids, electrics and gasoline in our strategy. so that's going to guarantee employment for a long time. reporter: you're looking, by the way, that was the gt version over there. this is the premium version. there are five different versions in all. i may be wrong about that, but different price points. the price starts at $43,000. if you get that $7500 federal credit, you are down at like $36,000. these are dealers from around the country being briefed on this as we speak. it's exciting. i've got a lot of tweets today from people saying they sold out the mustang brand, we will never go electric. there's something for everybody in this country. some people feel that way, some don't. liz: some people fear the modern world. listen, we evolve in america. we evolve in america. jeff, you know what's fascinating? six years ago, our viewers know this, i'm sure, but --
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reporter: you know what, i remember you asking alan mulally was it about electric mustangs specifically? liz: he had the new mustang just outside here and i said could the mustang one day morph. listen. will it ever be electric? >> it could be some day because we have hybrids, plug-in hybrid and all electric. over time as the batteries get smaller and more cost-effective, we will see electric in all our vehicles. liz: claman crystal ball. i just thought, this is the way of the future. one thing about alan who was very important at boeing during the glory years, he knows from the future and he was that person who thought about it and said let's go for this. six years later, it's great to see. reporter: they celebrate them here and the spirit he brought to ford, which jim has picked up on. you know, this car was supposed to be a compliance car. know what they call one just to
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meet fuel economy standards. he blew it all up when he came in as ceo and said no, i want this to be a great vehicle that is the heart and soul of ford with one of our top nameplates, the mustang. liz: absolutely. reporter: unfortunately, the edsel was a good car, too. didn't sell very well. i think this is a good car. will it sell? the marketplace will tell. liz: yeah. edsel. there's a history on that one. jeff, great to see you. great to see jim. great to see the all electric ford mustang. thanks so much. behind closed doors. what happened there? the closing bell ringing in 30 minutes. dow still up about 29 points. all of these are records, folks. three records. s&p and nasdaq and dow. president trump holding a secret session with jerome powell just hours ago. not so secret anymore. former ubs america chairman and fox business contributor robert wolf is ready to play fly on the
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wall on what maybe was offered or maybe just cordial, when "the claman countdown" comes right back. (people talking) for every dollar you spend at a small business, an average of 67 cents stays local. shop small and watch it add up. small business saturday by american express is november 30th. my body is truly powerful. i have the power to lower my blood sugar and a1c. because i can still make my own insulin. and trulicity activates my body to release it like it's supposed to. trulicity is for people with type 2 diabetes. it's not insulin. i take it once a week. it starts acting in my body from the first dose. trulicity isn't for people with type 1 diabetes or diabetic ketoacidosis. don't take trulicity if you're allergic to it, you or your family have medullary thyroid cancer, or have multiple endocrine neoplasia syndrome type 2. stop trulicity and call your doctor right away if you have an allergic reaction,
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role but also used as a serious punching bag, repeatedly hammering powell complaining that he and the federal reserve he chairs have not cut rates low or quickly enough. he has really been harsh on powell. what was that meeting like? we bring in robert wolf, fox contributor and ceo of 32 advisers and former head of ubs america. you have been in on many especially during the financial crisis, many a federal reserve meeting. >> the lehman weekend. liz: yes. you were right there. can you game it? be a fly on the wall. how do you think that went? >> so let me just start by saying this is a guy, to quote, he called powell a bigger enemy to america than xi jinping. he called powell and the fed boneheads. i actually think it has impacted some of the fed's moves because i'm not so sure they would have actually eased the way they have the last couple times, you know, to be blunt. i think his rhetoric makes a
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difference. i'm not for that rhetoric making a difference. the idea that we should be using the fed's tools should be because we need the fed tools. i'm not for another easing. i'm not for another rate cut, as many people think we should have one because we're chugging along. we're at 1.5%, 2%, employment numbers look strong, consumer spending looks strong. right now, the idea of a recession is off the table. keep your powder dry. my guess is after the fed's recent statements that they are possibly on a pause, that did not make -- sit well with the president and he likely called this meeting. we are all hearing babout it vi tweet. i personally don't like that the president is reaching out to the fed. i think that it should stay absolutely separate from the executive branch. liz: well, you were a financial adviser to president obama. did president obama occasionally summon, whether it was janet yellen or ben bernanke, to the white house back then? >> no.
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no. listen, there's always conversations between, you know, the economists and the fed board, but summoning the fed to talk about rates and negative rates, that's really up to the fed and their board. that's not up to the president. liz: there's supposed to be that sort of separation of church and state. >> there's a separation of church and state like there's supposed to be with the attorney general. liz: can i just say, though, as soon as the president started hitting powell hard saying what are you doing, because we did start to see manufacturing falter. the markets faltered. this is december. tell me, do you get a sense that once they cut rates three times, we then saw stabilization and we are back to being very strong? >> i'm not sure that's fully accurate. i'll tell you why. i think the numbers, capital investment has for the most part shown contraction the last two quarters. business investment does not do well when they are not sure what's going to happen next on
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trade and tariffs, right? you can't be ready for the future if you have this overhang policy, plus usmca. if we're having all these trade policies be literally at an impasse, then manufacturing capital investment slows. that's what we have seen. what we have seen is the consumer feels really good. liz: have you met jay powell? do you know him? >> i'm trying to think, i've met i think every fed chair the last god knows, 25 years. i don't think i have ever met him. liz: well, he is an interesting guy. he came if tfrom the banking wo but is a very low-key person. president trump actually recruited him and has now said multiple times it was a mistake, he's made it clear at certain points he would love to shove him out. >> i think the fed has been in a tough situation the last three or four years. we spoke that we weren't for when they did quantitative easing i think the third time. just like this recent december, i was not for them doing a rate
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hike. i thought that did not make sense. now part of it's a reversal to what they did in december. liz: everything has come full circle because president trump used to criticize when he wasn't president, he ripped obama for low rates. now he's begging for negative rates. >> well, every president likes to have low rates because it keeps the dollar weaker and it means trade's going to be better for us. liz: for the moment, we are watching it all. thank you very much, robert. >> love "the claman countdown." liz: "the claman countdown." my mom loves when you say that. >> i love "the claman countdown." liz: thank you so much. bitcoin, an enemy of the state? i mean, we are overstating it but with the closing bell ringing in 21 minutes, up next, the new warning from the u.s. government that has cryptos ducking for a bit of cover. don't forget to download, listen and rate my everyone talks to liz podcast. we talk to some of the most mind-blowing people who have the most incredible success stories in the business world across the globe. all episodes available on fox
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liz: we are just getting this breaking news. senate majority leader mitch mcconnell just announced that president trump is willing to sign a stopgap funding bill through december 20th to avoid a partial government shutdown, which is supposed to kick in at the end of this week. we've got that one headline and we will let you know more when we get more on that. but we also have this. disney, remember i told you at the top of the show that disney plus had been hacked or at least some of the people who had signed up for it? disney now responding to hacking claims by disney plus users who say their accounts were compromised at the launch of the streaming service. disney says quote, it takes the privacy and security of its users' data very seriously and there is no indication of a
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security breach on disney plus. disney also says any incident of unauthorized account activity may have occurred as a result of earlier events with other companies, where customers shared the same passwords, not the disney plus launch. the stock is still up about 1.75% at $147.15. that is about $2 less than the earlier highs of walt disney stock to date which was $149.03. that's paring the dow just a bit. we were up 30 points. we are now up 13. bitcoin and its crypto rivals being put on notice. the u.s. government is warning it will be quote, strictly enforcing rules that require crypto firms to share information regarding their customers and when it comes to any and all digital asset transactions. the harsh reminder coming as part of an effort to combat cryptocurrency crimes which are already in the billions now and still on the rise.
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one thing not on the rise, bitcoin right now. it's down $287. but still above $8,000. $8166 per coin. new protests and countermeasures setting hong kong literally ablaze. connell mcshane joins me now. connell, these tensions in the chinese territory, somebody is really going to get killed. this is looking worse and worse by the minute. connell: it is at that point where many people who watch it closely say something has to give and give pretty soon, that the pressure may be building on police in hong kong to bring the protests to an end by any means necessary. today we will discuss where we are and more importantly, where we're going in hong kong. another story breaking that has a lot of people talking about what's happening overseas was mike pompeo's announcement on israel's west bank settlements. we just heard that israel's ambassador to the u.n. will join us. both of those stories and a
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whole lot more coming your way. liz: he's awesome. thank you very much, connell mcshane. next, charlie gasparino has new exclusive information on t-mobile's john legere. his exit from that company and the call from wework charlie got right the first time around. ♪ ♪ ♪ this is the epson no more buying cartridges.. big ink tanks. lots of ink. print about... this many pages. the epson ecotank. just fill and chill.
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and now for their service to the community, we present limu emu & doug with this key to the city. [ applause ] it's an honor to tell you that liberty mutual customizes your car insurance so you only pay for what you need. and now we need to get back to work. [ applause and band playing ] only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ legere made it clear to people inside t-mobile that after the deal with sprint is closed, he wants out if this thing closes. liz: today, t-mobile's ceo john legere confirmed what charlie gasparino told you right here on "the claman countdown" way back on november 11th, that he, legere, is leaving the helm of
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the telecom company. this just a few weeks ahead of the state attorneys general trial against the t-mobile/sprint merger. charlie, how did you know? >> as you know, today they made it official that he's out, you know, he's -- they are basically going to -- he's going to leave when the merger's closed. couple of things interesting about this story. i did that story the same day the rumors started circulating that he was going to wework as ceo. as you know, i was incredibly skeptical of that. i did not really believe he was doing that for a lot of reasons, including the fact he's in the middle of a nasty negotiation with the state ags. it's going to be negotiated, now going to trial, and the ags want to break up the merger with sprint. he obviously doesn't. for him to go to another softbank company, remember, softbank owns sprint. softbank owns wework, essentially, now. that's a conflict of interest that's insane. plus my sources, i could only
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really nail on that story that they spoke. i did not get -- i couldn't get it that they were negotiating. that's why i was very skeptical. i thought, listen, i think it's pretty clear there was some sort of conversation. i think what's less clear is was that conversation a discussion, anything legitimate. we should point out legere said there were no concrete discussions. he said that today. so here's where we are. will legere leaving next year at some point, is that going to hurt the state ag case, hurt their case with the state ags, or t-mobile's case, i don't think so. i think it basically goes to this guy mike sever becomes the ceo. it's the same management team except for legere. legere will be on the board so he's still going to have some technical expertise here. i don't think that's going to be a problem. so i think, you know, what we're going to see is this.
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i think you got to pay close attention to what's going on between the state ags and t-mobile. i think at some point, i keep hearing rumblings and haven't been able to nail it again, that there's going to be some sort of negotiation, further negotiation to maybe prevent this thing from going to trial, that at the last minute you will see an overture made to the state ags. now that legere is kind of, you know, we know what his future is, we know what the company's management team's going to be going forward, you might see that overture now. liz: okay. >> that's at least what i'm hearing inside, that now that they've got this out of the way, let's maybe open up to them and see what they want to get them to back off this thing. because this is holding over the stock. look at it. that's a one-month chart. liz: it really is. >> not good. can you imagine if legere really had negotiations, like real discussions with -- to take the wework job? i don't think people quite understood that.
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it makes no sense from the standpoint of the shareholders of t-mobile. i actually reported that. it's rife with conflicts. okay. so you know, they may have to redo the pricing of the merger, meaning sprint shareholders, i.e. softbank, may get a lower price. that's what a lot of people are talking about. at the same time, you're negotiating a deal to work for a softbank company wework. maybe you won't negotiate that hard to get a lower price. it was just nuts. liz: charlie gasparino, thank you very much. when we come back, amc's stock is plummeting. it is down 4%. it was just down 6% a minute ago. s&p has turned negative. s&p has turned negative. we are watching this closely. stay tuned. we could or possibly not see record highs. (people talking)
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♪. liz: we should let you know amc stock is moving all over the place right now with about three minutes left to go before the closing bell rings. we're on the verge of history for the major averages, dow, nasdaq, s&p too close to call. amc is hitting all-time low. moments ago it was down 6%. still down about 3 1/2%. it is spiking back up. we don't have news. we're looking for a reason if we can find it for but the stock is at $8.45 for amc entertainment. u.s. government extending a 90-day extension that allows u.s. companies to do business with huawei, our "countdown" closer says it is all about the data. gus is here and he says there is huge opportunity in data and data collection. you have three cs and one d, the d is data. what are the cs? >> you like diamonds, there are four cs in terms of testing
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three. collection, collaboration, comprehension. chips are grabbing data, looking at pipelines basically bringing data in, that is the stuff growth will have to come from over time. liz: almost as if nothing works anymore without some type of semiconductor chip so what kind of data, what kind of opportunity investments do you see as plays? >> there is whole host. we love the semiconductor names. we love the communications names but just to give you an example, private entities is growing. one is platform sciences. it's a private company. we're looking just logistics. the company takes all the data, gets around regulations that were put in place by the obama administration which there was no answer for they're actually able to gain productivity for all their drivers. liz: with that name you like, you're specifically looking at impact of 5g. so are we. we're waiting for it. huawei of course is something that people are looking at. where do you see 5g, what are
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the best plays there. >> right now once again we're looking across a whole host of spectrums t can be anything from health care. i'm looking at rural areas, you will be able to have basically your health care taken care of in rural locations. we're looking at logistics. item i gave you a second ago, allows us to get more productivity. gdp is based on productivity as well as population growth. liz: sxd is etf basket of a lot of names that gives you good exposure overall? >> that's correct. liz: great to see you. we're about to hit a record for the nasdaq, dow. how about the s&p, guys, are we there? just slightly under. do you like equities here? >> yes i do. we're looking pretty fairly valued equities, the place to be where interest rates are. liz: nearly a billion under management, gus. you get the fireworks here.
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gus gako, hudson valley investment visor. that will do it for the "claman countdown." [closing bell rings] the dow, s&p, and nasdaq all-time records. please don't get bored. i need to see you tomorrow. melissa: not tired of winning. not tired of winning. new records on wall street. kicking off the week, green hitting all-time highs for the second straight trading day. the dow looks likes it will close up 28 points. the 12th record close of the year. what do you think of that? i'm melissa francis. connell: i'm connell mcshane. we got that part right. a record-setting day on "after the bell." seems like every day is. s&p 500 is in the green. settle as point higher. any gain is a record. nasdaq to the upside by nine points. we'll talk a lot about this. more on market movers we saw today. first here is what is new at this hour. at the white house president trump is about to meet with mike
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